Second Wave Petroleum Inc SCSZF

Apart from CUTPICK, check out other CPG deals

[puntabeach]

Check  out   the  deals  of   CPG   in  2012. Pay  attention  at  the  deal   with  RELIABLE  ENERGY   which   shows   the  WORST  CASE   scenario   for  SCS:

 

January   2012: CPG  bought Wild Stream (TSX Venture: WSX) for $611 million, adding production of approximately 5,400 boepd. 

 

February  2012: CPG  bought assets in the Viewfield Bakken light oil resource play in southeast Saskatchewan from PetroBakken (PBKEF.PK) for $427 million in cash, adding 2,900 boepd (85%   oil  and  liquids)  in production.

 

February   2012:  Crescent Point also acquired Manitoba light oil assets (70%  oil  and  liquids)  with production of just  940 boepd for $130 million.

 

March   2012: CPG  acquired the majority stake in Reliable Energy that it didn't already own for about $99 million. The deal added production of approximately 1,000 boepd (65%  oil  and  liquids)  from the Bakken light oil play.

 

Reliable  Energy   was   HEAVILY  IN  DEBT. This   shows  that   SCS  can  get   AT   LEAST    $200M    as  it  has  DOUBLE   production  and  MORE   OILY   production   than   Reliable    Energy.

 

Excluding   the  net   debt,   it   gives   a   market  cap   of    $90 M     MINIMUM,  which  is   $1.1/share !